The taxes and property buying fees in Turkey is considered low when compared to other European countries such as Spain, France and the United Kingdom.
Property taxes value in Turkey for
foreigners are the same as Turkish citizens, and generally can be classified
into the followings:
Property Purchasing & Title Deed Tax
The value of the registration tax and
the transfer of ownership of the property is 4% of the property purchasing
price. Paid only once by the buyer after the completion of the purchase and
paid to the Turkish state.
Paid only Turkish state through the land
registration office when ownership of the property is transferred and
The value of the transfer tax is 4% of
the property purchasing price.
In case purchasing in an
under-construction project, this tax shall be paid after the completion of the
project and property is delivered.
The Annual Tax
The annual property tax is paid by all
property either the Turkish citizen or the foreigner.
The annual tax is paid annually to the state of at the beginning of each year, and it is estimated as 0.2% of the property value registered in the title deed.
Insurance against earthquakes and natural disasters known as "DASK", and it is mandatory insurance and a legal condition that must be fulfilled.
The insurance is a must the property
registration and obtaining the title deed. it is s renewed annually and depends
on the value of the property.
The Profit Tax
The profit tax is only paid if the
property it re-sold within 5 years of the first purchasing date and is
calculated as 35% of the difference between the present selling value of the
property and its value when it was sold at the first time.If a property is sold after 5 years from
purchasing date, a tax exemption is obtained by law right.
The monthly expenses paid to the complex
management for cleaning, maintenance and guarding services and the complex
facility usage of swimming pools, gyms, sauna, etc.
And it is approximately 3 - 4 Turkish
lira per square meter of the property gross area.
related to water, electricity and gas
subscriptions, paid only once after receiving the property.
In addition to the monthly expenses related to electricity, gas, water and Internet bills and is fully dependent on personal use.